London Stock Exchange Group PLC (LSEG)

[Stan]

More news as it appears.

https://www.londonstockexchange.com/home/homepage.htm

[Stan]

After the larger than expected drop in SP after going Ex-Divi in the week I decided it was a reasonable entry point.

[Stan]

Still on the up this one at 2.5% on my purchase price, steady and calm is how I like my shares to rise, anyone else hold or trade LSE here?

[Stan]

A bid from Hong Kong today sees the SP going All over the place until it settles.

[Stan]

Not surprisingly the bid was turned down out of hand.

[Cornytiv34]

Microsoft have entered a 10 year contract with LSE and also taken a 4% stake.

https://www.theregister.com/2022/12/12/ ... nt=article

Some of what they will be doing

"The agreement will see the American software behemoth buy 4 percent equity of LSEG itself from the Blackstone/Thomson Reuters Consortium as well as sorting the bourse's tech migration in the name of "a digital transformation approach underpinned by modern cloud and AI technology."

"Welcome to Excel
"The initial focus will be on delivering interoperability between LSEG Workspace and Microsoft Teams, Excel and PowerPoint with other Microsoft applications and a new version of LSEG's Workspace," Redmond said, confirming that Excel integration would be a part of this, and that City workers on LSEG's Workspace would henceforth be collaborating using Microsoft Teams.

"Customers will be able to create financial models, run data analytics and visualizations using LSEG content delivered in Excel and work seamlessly between LSEG Workspace and Microsoft 365."

Let us hope it all goes seamlessly.
Mike

[idpickering]

COMPLETION OF MERGER AND COMPANY UPDATE

LondonMetric Property Plc ("LondonMetric" or "Company") is pleased to announce that the Scheme of Arrangement in respect of the merger between LondonMetric and LXi REIT plc ("LXi") ("Merger") became effective on 5 March 2024 ("Effective Date) and that admission of 942,960,279 New LondonMetric Ordinary Shares is expected today at 8.00 a.m. ("Admission").

The Company is pleased to also confirm that, as envisaged in the Prospectus, it has successfully concluded the acquisition of LXi REIT Advisors Limited and appointed Nick Leslau as a Non-Executive Director of LondonMetric as from the Effective Date ("Appointment"). Further disclosure on the Admission and the Appointment is set out at the end of this announcement.

The Merger creates the UK's leading triple net lease REIT with a highly efficient and internally managed structure and a well capitalised balance sheet. The £6.2 billion portfolio is aligned to structurally supported sectors of logistics, healthcare, convenience, entertainment and leisure with a strong exposure to assets that are mission critical to occupiers. The Company's sector leading WAULT of 19 years on FRI leases and 99% occupancy provides a strong platform for income longevity and growth with a high exposure to contractual rental uplifts as well as reversionary open market reviews.

https://www.investegate.co.uk/announcem ... e-/8072711

Ian (No holding).

[idpickering]

DELISTING & CANCELLATION OF LXI SHARES

Further to the announcement made by the Boards of LXi REIT plc ("LXi") and LondonMetric Property Plc on 5 March 2024 that the Scheme has become Effective in accordance with its terms, LXi today announces that, following an application made by LXi, the Financial Conduct Authority has cancelled the listing of LXi Shares on the premium listing segment of the Official List and the London Stock Exchange has cancelled the trading of LXi Shares on the Main Market, in each case with effect from 8.00 a.m. today, 6 March 2024.

https://www.investegate.co.uk/announcem ... es/8072707

Ian.

[funduffer]

Just received notification from my broker (iWeb) about now holding LMP shares rather than LXI, following the takeover.

Included in the notice is the following statement:

The LondonMetric shares currently trade on Alternative Investment Market under the ticker code 'LMP'.

Surely this cannot be correct? LMP is a FTSE 250 company not AIM?

FD

[monabri]

Just received notification from my broker (iWeb) about now holding LMP shares rather than LXI, following the takeover.

Included in the notice is the following statement:

The LondonMetric shares currently trade on Alternative Investment Market under the ticker code 'LMP'.

Surely this cannot be correct? LMP is a FTSE 250 company not AIM?

FD

LMP has a market cap of nearly £4bn...possibly in line for 'promotion' to the FTSE100...currently near the top of the FTSE 250.

https://www.dividenddata.co.uk/dividend ... et=ftse250